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Financial Technologies sells entire stake in Indian Energy Exchange: Report

07 Nov 2014 Evaluate

Financial Technologies has reportedly sold its entire 25.64 per cent stake in Indian Energy Exchange to TVS Capital Funds-led consortium, which includes Kris S Gopalakrishnan, former Infosys executive Vice-Chairman, and Lakshmi Narayanan, Vice-Chairman of Cognizant for Rs 576.84 crore. With this, Financial Technologies will completely exit Indian Energy Exchange.

Financial Technologies is a flagship company of the Financial Technologies Group. It provides technology solutions and domain expertise for digital transactions and financial markets across all asset class including equity, commodities, currency and debt.

Peers
Company Name CMP
TCS 2495.10
Infosys 1163.00
HCL Technologies 1430.00
Wipro 196.10
Tech Mahindra 1785.40
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